Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Best Affirms Sunderland Marine Mutual’s ‘A-‘ Rating
Sep 24 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Sunderland Marine Mutual Insurance Company Limited (SMMI), with a stable outlook. “The rating reflects...
FEIC Receives “A- (Excellent)” Rating from A.M. Best
Sep 17 2003 // Fremont Employers Insurance Company (FEIC) has received an “A- (Excellent)” rating from A.M. Best Company. FEIC is a wholly owned subsidiary of Employers Insurance Company of Nevada, A Mutual Company...
A.M. Best Says P/C Industry Maintains Improving Results, Staying Power Questioned
Sep 16 2003 // The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the...
Recent Ratings Round-up
Sep 5 2003 // Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the...
A.M. Best Lowers Munich Re Ratings to ‘A+ (Superior)
Aug 29 2003 // Two days after Standard & Poor’s lowered its ratings on Munich Re (See IJ Website August 28), and previous article), A.M. Best Co. announced that it has downgraded the group’s financial strength ratings to...
A.M. Best Names Five Finalists for E-Fusion Insurance & Technology Award
Aug 22 2003 // Five online insurance-related projects have been selected as finalists for the E-Fusion Award, A.M. Best Company’s annual competition designed to recognize outstanding, resourceful uses of Internet technology by an...
Fitch Downgrades CNA, Best Stands Still
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
A.M. Best Affirms Rating of Sompo Japan Inc.
Aug 7 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Sompo Japan Insurance Inc., Japan. The outlook is negative. The rating reflects Sompo Japan’s deteriorated risk-adjusted capitalization,...
A.M. Best Upholds ‘Excellent’ Rating Of CAP-MPT
Aug 4 2003 // A.M. Best Upholds ‘Excellent’ Rating Of CAP-MPT The A.M. Best Company has upheld its rating of “A” (Excellent) to the Cooperative of American Physicians Inc. – Mutual Protection Trust...
Best Places Iowa Mutual Under Positive Review
Aug 4 2003 // A.M. Best Co. has placed the financial strength rating of “B” (Fair) of Dewitt-based Iowa Mutual Group under review with positive implications. This rating action acknowledges the agreement between Iowa Mutual...
A.M. Best Affirms ‘A-‘ Rating of Corifrance
Aug 1 2003 // A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of Corifrance (France). The rating reflects Corifrance’s excellent capitalization and improving operating performance. An offsetting factor...
A.M. Best Assigns Rating to Transmonde Services Co.
Jul 25 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Transmonde Services Insurance Company Ltd., Bermuda. The outlook is stable. The rating reflects the company’s strong level of...
A.M. Best Assigns ‘A+’ Rating to Nichido Ins. Co.
Jul 23 2003 // A.M. Best Co. has assigned an initial financial strength rating of “A+” (Superior) to Nichido Insurance Company (Pacific) Limited, (Nichido Pacific), Guam. The outlook is negative. Satisfying A.M. Best’s...
A.M. Best Downgrades Wasatch Crest Mutual Rating
Jul 21 2003 // A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from C++ (Marginal) of Wasatch Crest Mutual Insurance Company (WCM). The rating reflects the Utah Insurance Department’s...
A.M. Best Affirms Rating of Royal Bank of Canada Insurance
Jul 21 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Royal Bank of Canada Insurance Company Ltd., (RBCI) (St. Michael, Barbados). The rating has a stable outlook. The rating for RBCI reflects its...
A.M. Best Affirms Rating of Lloyd’s of London
Jul 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Lloyd’s of London. The outlook remains stable. The rating reflects Lloyd’s maintenance of an excellent business...
A.M. Best Upgrades Rating of Gerling Canada Insurance Co.
Jul 11 2003 // A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Gerling Canada Insurance Company (Ontario), which will be known as GCAN Insurance Company in the near future. The rating...
A.M. Best Affirms Rating of Seguros Inbursa SA
Jul 11 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seguros Inbursa SA (Mexico). The rating outlook is stable. The rating is attributable to Seguros Inbursa’s solid financial strength,...
A.M. Best Affirms ‘A’ Rating of Mapfre Re
Jul 8 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of the U.S.-based Mapfre Reinsurance Corporation (MRC) (Florham Park, NJ), with a stable outlook. “The rating is based on...
A.M. Best Assigns ‘A-‘ Rating to James River Insurance Co.
Jul 7 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to James River Insurance Company (James River) (Wilmington, Del.). The rating outlook is stable. The company is the insurance subsidiary of...
